USD/JPY Analysis: Bearish Mood This Week Touch 110.80
Japan starts the week with a holiday, with no data scheduled in other major economies.US Treasury yields pressure two-week lows, dragging the pair lower.
Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming days. In the daily chart, the pair settled below its 20 DMA Thursday and was unable to regain the indicator in the last trading day of the week, now battling with a flat 200 DMA. The 100 DMA in the mentioned chart heads south at around 110.80, while technical indicators turned horizontal around their midlines, leaving a neutral-to-bearish stance. Shorter term, and according to the 4 hours chart, the technical stance is the same, as the price settled below its 20 and 100 SMA, but above a flat 200 SMA, this last at 111.35, while technical indicators lack directional strength but hold in negative territory.
If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target.
Macro Jahutu is involved with Financial Facts. It can be stopped by. Junk is at the top of the stock market, profit taking mast. The rate does not increase this year, it is also macro-bound, but it will not be able to counter JPY's just against the dollar and some gold. But it would be difficult to contrast Aussie.And for the macro, the opposite of JPY is weakened by the dollar.
If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. But Most Fast Response Scenario 111.25 1st Target, Break Out 110.50 / 60 Target 110.50 Breakout Tough, leaving the reports so far, where the report is better than expected. If the weight loss is 110.50, then the next target is 109.85 / 70 area. When the break out, the next target 108.50 and 108 final target.
Technical Level:
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Support levels: 111.35 111.05 110.80
Resistance levels: 111.75 112.10 112.40
Technically, the pair has little to offer, holding within familiar levels for a third consecutive week. A failed attempt to break higher, however, increased the chances of a downward move during the upcoming days. In the daily chart, the pair settled below its 20 DMA Thursday and was unable to regain the indicator in the last trading day of the week, now battling with a flat 200 DMA. The 100 DMA in the mentioned chart heads south at around 110.80, while technical indicators turned horizontal around their midlines, leaving a neutral-to-bearish stance. Shorter term, and according to the 4 hours chart, the technical stance is the same, as the price settled below its 20 and 100 SMA, but above a flat 200 SMA, this last at 111.35, while technical indicators lack directional strength but hold in negative territory.
If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target.
Macro Jahutu is involved with Financial Facts. It can be stopped by. Junk is at the top of the stock market, profit taking mast. The rate does not increase this year, it is also macro-bound, but it will not be able to counter JPY's just against the dollar and some gold. But it would be difficult to contrast Aussie.And for the macro, the opposite of JPY is weakened by the dollar.
If the market is stable at 112.60 / 65, next target is 113.20, the next target 114.00 to 114.50 final target. But Most Fast Response Scenario 111.25 1st Target, Break Out 110.50 / 60 Target 110.50 Breakout Tough, leaving the reports so far, where the report is better than expected. If the weight loss is 110.50, then the next target is 109.85 / 70 area. When the break out, the next target 108.50 and 108 final target.
Technical Level:
===============
Support levels: 111.35 111.05 110.80
Resistance levels: 111.75 112.10 112.40